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. >> turmoil in italy. berlusconi throws his hat in the ring. retail sales numbers out of china, hoping the economy is in fact on an upswing. >> apple, enthusiasm. jeffreys trimming its price target to 800 from 900, as apple shares do trade lower in the pre-market. we'll start with mcdonald's, posting better than expected november same-store sales, global comps up 2.4. u.s. same-store sales up 2.5, offered by breakfast offerings, including that cheddar/bacon/onion sandwich, as melissa mentioned. jim? people are saying the u.s. maybe is making a turn here. >> i find mcdonald's is levered to new products, levered to menu technology. they do invent things. my hat's off to janet. they had this number last week. reminds people, again, they've been right down, and up. mcdonald's is one of those things where joe asked me from squawk when we were talking, i said, i think this is a for real term. if they continue to innovate. i may this may not be your cup of tea, burger, but innovation s higher. >> they tried to sell it to consumers as opposed to their extra value menu, which is a little bit hi
, as of right now china owns $1.15 trillion of our debt. then, number two on the list, is japan with $1.13 trillion of our debt. now, this is interesting. out of this debt number three on the list is opec. opec is an entity. that's the countries of ecuador and venezuela and india and bahrain and iran and iraq and kuwait and amman and qatar and saudi arabia and the u.a.e., algeria, ga been a, -- gabon, nigeria. they're now number three on the list and they own $267 billion of our debt. brazil comes in at number four, $250.5 billion. and then number five on the list, new to the list, the top five list, the caribbean banking centers. now own $240.4 billion of u.s. debt. by the way, caribbean banking centers are the bahamas, bermuda, cayman islands, netherlands and panama. this is who owns us. this is who owns our debt. and this is why on this side of the aisle, what we continue to say is the spending has to be dealt with. we have seen -- we've heard from everybody. we are hearing from economists all around the globe. and they repeatedly say what we are saying, what we've been saying for ye
vacuum cleaner. sucking into the united states the net exports of europe, japan, and lately china. thus providing exporters -- germany, japan, or china -- with the requisite demand necessary. to keep the factories going. so, the ever expanding trade deficit was not an accident. it was a very clever way of replacing one that surplus recycling system with another. the first one, it was one where america had a surplus and america decided instead of doing what germany is doing at the moment -- which is cutting its nose to spite its face, and thereby entering into recession by cutting, cutting, cutting -- volcker and kissinger initially, and then volcker as the head of the fed had a different idea. we are going to expand our dominance and our wealth by expanding our deficit and using our deficits to provide the rest of the world with the demand which is necessary to grow their economies, even at the expense of ours. and who is going to pay for the deficit? if i have an ever-expanding deficit, the bank tells me it is game over. but if you are the united states of america and you have the rese
. what if everyone in china had two cars and a swimming pool? that is not sustainable. the reason we cannot make any political progress is we have this cognitive dissonance. at the beginning of the session assayed save your money and consume more. at the same time. amazing. we have got to get beyond an economy that is predicated on unlimited, increasing amounts of consumption was no end in sight. the end is in sight. maybe if we have to cope with the reality for awhile longer, we can be more intelligent. >> on that note, we have to wrap up. one of the things that intrigued me with these kinds of situations is that ideas are very -- is very scarce resource and we have to think about maximizing and amplifying ideas. that is so incredible. the idea of possibility is so, i think, important to celebrate. when i say possibility, if people say you cannot do that and cannot do this and cannot think that, people are like -- there is a [inaudible] at work. we have to rebuild a new economy. above all, the fact that you're right. if we do not do it the planet will do it for us. i will leave it a
. but competitors in china are, rush show were trading on a daily basis. -- my competitors in china and russia work training. this is a position of irritation of a triple jump. i was like a robot in the sense that everything i was doing, the hours i was putting in it, the morning, the afternoon, the evening, i trained all they basically. my first session, 10:00, i was basically of the rank by nine and my last session would be at 6:00-6:30. then i would go to the gym. i look back, no wonder i was in really good shape. >> where did that drive? how did that drive? where do you get that drive? >> we were talking earlier about the role of parents. when you had mentioned the tiger mom or the tiger parents, we did not have tiger parents. they were there to support me and be there in times when i needed a push culminated motivation. it is just one of those things when you have a passion and a vision. you do not see anything else. that is what drives you every day. >> you just got engaged. are you going to be a tiger mom. [laughter] >> looking at the way i was raised with a set of rules and just the way my
on the campaign trail the president talked about an unlimited credit card from china. i don't think that -- >> actually, mr. mcconnell proposed himself the idea with congress and the role of the debt ceiling. >> i think that's just crazy. >> ken, well let me ask you this. >> you should take that up with mitch mcconnell. >> you brought in the debt ceiling and that was something in the president's initial offer, this idea that we take the raising of the debt ceiling. we take that power away from congress. what's wrong with that? it would seem to a lot of folks that would be one way to avoid this seemingly constant threat of hijacking the government. >> put us on a very slippery slope towards the plight of greece and spain and others who basically don't have that check. this whole notion of unlimited credit card is just pure poppycock and it's something that only can be dreamed of as a fiscally responsible thing in washington, d.c. >> but, you know, you still have a process and procedure in terms of the budget where the president proposes a budget and congress is playing a much more si
even have to consider borrowing money from china or anywhere else and we're worried about a a.a.a. credit rating. why should we even have that as an option? we're the richest country in the world, and we put food out everywhere. also, one brief note on the gun laws issue. they're not going to ban a particular type of car because it drove through a crowd. so i don't see how they can target any particular weapon and say it's worse than another. combat loading weapon, you can almost do that as fast as you can pull the trigger also. so it's not a matter of how many rounds you can shoot. it's a matter of an insane person getting a hold of anything -- a knife, a car, anything. so -- guest: keith, and the reality of using guns for whatever illegal purposes oftentimes gets lost into washington, d.c. and the politics. boy, we're going to have to do something. we are going to have a press release, a press conference. there is a second amendment. thankfully the supreme court has recognized it is an individual right and a narrow decision. the one thing i want to go back, small business th
. >>> "the boston globe," china's largest auto manufacturer has the winning bid for a a123, a brumt battery maker based in the u.s. the company received $133 million in federal stimulus grngrnt grants before going under. republicans called the case a textbook example of wasted stimulus money. >>> "usa today," controversy surrounding the korean pop sensation psy. he performed last night at the christmas in washington concert with the president and his family in attendance. he has that dance, you know? >> you know, everybody, like, sends me videos of them doing this. i have no idea what it is. >> "gangnam style." >> is that how you say it? >> yeah. >> oh, you know what? i prefer to be out of it on this one. >> so this was just days after video surfaced of him using inflammatory anti-american language and leading anti-u.s. protests at a concert in 2004 amid the heat of the iraq war. the song, which is a cover called for killing, quote, yankees. on friday psy issued an apology saying he understands american servicemen's sacrifices and regrets using the inflammatory language. >> it was really ha
Search Results 0 to 8 of about 9 (some duplicates have been removed)